Key Terms & Benefits
RM500 - RM100,000
Contact for more information
Based on the concept of Commodity Murabahah
WHY EMPLOYEE FINANCING?
Employees are your biggest assets. Retain them by providing financial security in times of need. With Employee Financing, you can provide an affordable and accessible option of financing for your employees.
It is time to provide relief to your employees with Employee Financing by Boost Credit!
|Entry Age||18 - 65 Years Old|
|Applicant Citizenship||Malaysian or Permanent Resident of Malaysia|
|Nature of Business||Shariah-Compliant|
|Financing Amount||RM500 - RM100,000|
|Financing Tenure||12 Months|
|Profit Rate||Contact for more information|
|Wakalah Fee||Not Applicable|
|Guarantor / Collateral||Not Required|
|Disbursement Method||Directly Credited |
Into Bank Account Registered
|Disbursement Turnaround Time||48 Hours |
2 Working Days Upon Approval
|Disbursement Amount||After Deducting All Fees & Charges Payable To Boost Credit|
|Monthly Repayment||Salary Deduction or Direct Debit |
Selected In FPX
|Due Date||Monthly Repayment Starts|
After Disbursement Date
|Late Interest||1.0% Per Annum |
Calculated On Daily-Basis
|Early Full Settlement||1 Month Notice |
What is this product about?
- Employee Financing is a low-profit short-term Islamic financing scheme designed to support eligible employees of Axiata Group Berhad and its eligible subsidiary (“AGB Group”) with their personal finances provided by the digital-native platform Boost Credit (formerly known as Aspirasi), a subsidiary of Axiata Digital Sdn. Bhd.
- Please refer to the relevant Terms & Conditions of this product for more information.
Is any of the financing amount within RM500 up to RM100,000 allowed?
Yes. However, financing amount must be in multiples of RM500.
Do I need a guarantor or collateral?
No guarantor or collateral is required.
What are the fees and charges do I have to pay?
- The Wakalah Fee for this financing is waived.
- However, Sales and Service Tax (SST) and Stamp Duty (if any) may be applicable.